Of all the laws of science, the laws of thermodynamics, pa â¦ rticularly the first two, are the most important. These laws can be applied to the most enormous objects in the universe or to tiny invisible particles.
Associate Partner. In most instances, an associate partner will be different from a general partner. An associate partner may be an equity or a non-equity partner and may take part in the management of the company, or he may not, depending on how you structure the partnership.
There are several advantages to taking on an associate business partner, provided that the partner is someone you can rely on, to contribute to the operations and management of your business. Before taking on a partner you will need to discuss any potential ramifications with your lawyer as well as your accountant.